2, THE PADDOCKS, NORTH WALSHAM ROAD, BACTON, NORWICH, NR12 0LN - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 THE PADDOCKS is a large detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £425,499. It was last sold for £335,000 in October 2017, which was around 1% below the average October 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was B.

2 THE PADDOCKS Sold Prices

Land registry data shows three sales for 2 THE PADDOCKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 2 THE PADDOCKS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 9 OCT	£335,000	£339,187	1% below HPI
2016 28 JAN	£270,000	£296,466	9% below HPI
2008 13 FEB	£240,000	£256,472	6% below HPI

2 THE PADDOCKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 2 THE PADDOCKS sales between February 2008 and October 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2017 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 THE PADDOCKS be worth now?

2 THE PADDOCKS might now be worth an estimated £425,499.

This is based on house price inflation of 27%, between October 2017 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 2 THE PADDOCKS of £335,000 on 9th October 2017. For the value to have increased from £335,000 to £425,499 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 THE PADDOCKS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2017 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PADDOCKS has not materially changed since October 2017.

How Large is 2 THE PADDOCKS?

2 THE PADDOCKS is 145m² according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where 2 THE PADDOCKS lies on this distribution: 72% of detached houses houses are smaller than 2 THE PADDOCKS, and 28% of houses are larger. Note that EPC data is not available for all properties in Bacton.

2 THE PADDOCKS: Plot and Title Map

2 THE PADDOCKS sits on a plot of roughly 0.273 of an acre, or 1,105m². The below map shows the location of 2 THE PADDOCKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 THE PADDOCKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 THE PADDOCKS?

2 THE PADDOCKS is located on NORTH WALSHAM ROAD in BACTON, in the NR12 postcode district. The below map shows the position of 2 THE PADDOCKS on NORTH WALSHAM ROAD.